IFRS-Result for Q1 2015 Helaba-Group Result as of 31.03.2015 Frankfurt (Main), May 20, 2015 Cornerstones of Q1 2015: Good Start to the Financial Year - Earnings Forecast for 2015 Confirmed 2 Helaba posted profit before taxes of € 141 m in Q1 2015, which was - as expected - slightly lower than the very high profit of € 150 m in the same period last year. Both operating income components, interest income and fee and commission income, increased by about 7% due to the good customer business operations as well as to profitable new business. Provisions for losses on loans and advances amounted to € 5 m, substantially below the Q1 2014 figure and also below target. Depreciation on the Group’s HETA exposure (€ 40 m) considered in Q1-result. Total assets rose to about € 192 bn, due to exchange rate factors and valuation effects. Business volume rose to € 219 bn. The CET1-ratio (“phased-in”) amounted to 12.7%, the total capital ratio reached 17.7%. The RWA increased primarily due to interest rate and currency-related effects by € 2.5 bn to € 56.3 bn. Helaba expects for 2015 another successful financial year. Helaba‘s Stable Strategic Business Model: Three Core Business Units 3 Helaba …a Universal Bank with strong Regional Focus Wholesale Business S-Group Business, Private Customers and SME Business Public Development and Infrastructure Business Business Division: Real Estate Corporate Finance Financial Institutions and Public Finance Global Markets Asset Management Transaction Banking Frankfurt am Main . Erfurt . Düsseldorf . Kassel . London Paris . New York . Zürich . Madrid . Moscow . Shanghai . Singapore IFRS-Result: Q1-Result 2015 Slightly Lower than the very High Result of Last Year Development of profit before taxes 4 Development of total assets in € million In € billion 220 600 607 200 500 492 199 512 192 483 180 400 160 300 178 179 2013 2014 164 140 200 150 100 Q1 2014 141 2014 Q1 2015 0 120 100 2011 2012 2013 2011 2012 Q1 2015 as of March 31, 2015 Operating Income: Net Interest Income and Net Fee and Commission Income up by more than 7% Development of net interest income 5 Development of net commission income in € million in € million 350 1,293 1.200 1,205 1.000 317 300 1,155 300 1,067 250 254 259 800 200 600 150 400 100 317 338 Q1 2014 200 75 50 0 82 Q1 2014 0 2011 2012 2013 2014 Q1 2015 2011 2012 2013 2014 Q1 2015 as of March 31, 2015 Capital Ratios: Very Satisfactory Capital Base 6 Development of capital ratios (Helaba Group) Risk weighted assets Capital Ratio Tier-1-Ratio 65 18.5% 17.4% 15.3% CET1 Ratio 20% 17.7% 18% 15.9% 14.3% 12.8% 60 11.2% 13.4% 12.5% 10.1% 16% 13.6% 12.7% 14% 12% 10% 8% 60.8 55 6% 57.3 56.3 54.1 53.8 2013 2014 4% 2% 50 0% 2011 2012 CET1-Ratio „phased-in“ at 12.7%, CET1-Ratio “fully loaded” at 11.6%. Increase in RWA is primarily driven by interest rate and currency-related effects Q1 2015 Consolidated Balance Sheet of Helaba Group Q1 2015 (IFRS) 7 31.03.2015 31.12.2014 in € billion in € billion in € billion Loans and advances to banks incl. cash reserves 27.3 21.6 5.7 26.2 Loans and advances to customers 93.7 91.1 2.6 2.8 Impairments on receivables -1.0 -1.0 - - Assets held for trading 34.8 31.3 3.5 11.2 6.5 5.8 0.7 11.9 27.3 26.6 0.7 2.5 3.9 4.1 -0.2 -2.9 192.5 179.5 13.0 7.3 Liabilities due to banks 36.9 35.6 1.3 3.6 Liabilities due to customers 48.8 45.3 3.5 7.6 Securitised liabilities 50.6 48.3 2.3 4.7 Liabilities held for trading 33.4 29.2 4.2 14.4 Negative market value of derivatives not held for trading 6.9 5.4 1.6 29.4 Provisions, other liabilities 3.0 2.9 0.1 3.4 Subordinated capital 5.5 5.4 0.1 1.4 Equity 7.4 7.4 - - Total liabilities 192.5 179.5 13.0 7.3 Business volume 218.9 204.9 14.0 6.8 Positive market value of derivatives not held for trading Financial investments, incl. companies accounted for using the equity method Other Assets Total assets Change % P&L for Helaba Group for Q1 2015 (IFRS) 8 1.1.- 31.3.2015 1.1.-31.3.2014 Change in € million in € million 338 317 21 6.6 -5 -53 48 90.6 333 264 69 26.1 82 75 7 9.3 - 54 -54 -100 -2 14 -16 - -11 5 -16 - 47 42 5 11.9 -308 -304 -4 -1.3 Earnings before taxes 141 150 -9 -6.0 Taxes on income -48 -48 - - 93 102 -9 -8.8 Net interest income Provisions for losses on loans and advances Net interest income after provisions for losses on loans and advances Net commission income Net trading income Result from hedges / derivatives Results from financial investments (incl. result from companies accounted for using the equity method) Other operating result General administration expenses Consolidated net income after taxes in € million in % Key Financial Ratios for Q1 2015 9 01.01.-31.03.2015 01.01.-31.03.2014 Return on equity (before taxes) 7.7% 8.3% Cost-income ratio 67,8% 59.9% 31.03.2015 31.12.2014 CET-1-capial ratio 12.7% 13.4% Tier-1 capital ratio 13.6% 14.3% Total capital ratio 17.7% 18.5% 31.03.2015 31.12.2014 3.7% 4.0% Leverage Ratio Refinancing High Proportion of Unsecured Funding Instruments 10 Medium and long-term funding ( ≥ 1 Jahr): € 3.8 bn in 2014 Unsecured bank bonds Public Pfandbriefe € 0.9 bn 48% Pfandbriefe € 2.1 bn € 0.3 bn 52% € 0.5 bn Mortgage Pfandbriefe Borrower‘s notes and other loans Subordinated debt As of March 31, 2015  High stability provided by € 49 bn of customer liabilities. Helaba Ratings on a high level 11 Unguaranteed ratings Agency Moody´s Fitch Ratings Standard & Poor´s Long-term rating A21 A+2 A2 Short-term rating P-1 F1+2 A-12 - a+2 A2 Aaa AAA - - AAA - Moody´s Fitch Ratings Standard & Poor´s Aa1 AAA AA- Viability rating/ SACP Public Pfandbriefe Mortgage Pfandbriefe Guaranteed ratings3 Agency Long-term rating Source: Moody‘s Investor Service, Fitch Ratings, Standard & Poor’s – as of May 20, 2015 1) 2) 3) Rating under review – up (Preliminary indication: A1) Joint group rating (Sparkassen-Finanzgruppe Hessen-Thüringen) With statutory guarantees of owners (‘mit Gewährträgerhaftung’) Disclaimer 12 • Material provided has been prepared for information purposes only. Prices and rates mentioned are of indicative and non-binding nature. • The material and any information contained herein do not constitute an invitation to buy, hold or sell securities or any other instrument. The material does not constitute an investment consultancy und does not substitute an individual analysis. Opinions expressed are today’s views and may change without prior notice. Transactions entered into by the user are at the users risk! • The material is based upon information and processes we consider reliable. However, we do not represent that the information, results and conclusions are accurate or complete, and they should not be relied upon as such. Past performance, previous simulations or forecasts provided in the past do not represent a reliable indicator of future performance. • Certain transactions, including those involving derivatives such as interest rate swaps, futures, options and high-yield securities, give rise to substantial risk and are not suitable for all borrowers and investors. • Helaba and persons involved with the preparation of this publication may from time to time have long or short positions in, or buy and sell derivatives such as interest rate swaps, securities, futures or options identical to or related to those instruments mentioned herein. • No strategy implemented based on the publication is or will be without risk, and detrimental interest-rate and/or price moves can not be ruled out; these could, depending on size and timing, result in severe economic loss. The occurrence of exchange rate fluctuations may, over the course of time, have a positive or negative impact on the return to be expected. • Due to the personal situation of the relevant customer, this information cannot replace tax consulting in the individual case. It is therefore recommended that potential purchasers of the financial instrument seek advice from their tax and legal consultants as regards the tax consequences of purchasing, holding and selling the financial instruments. Tax treatment may be subject to changes in the future. • Helaba does not provide any accounting, tax or legal advice; such matters should be discussed with independent advisors and counsel before entering into transactions. • Any third party use of this publication is prohibited without our prior written authorization. • Any third party use of this publication is prohibited without prior written authorization by Helaba. © Landesbank Hessen-Thüringen Girozentrale, Frankfurt am Main und Erfurt